Is 47246, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 47246 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 47246 has remained a Seller's Market.

Key Takeaway

47246 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 47246, IN

How much do homes in 47246, IN cost?

Median Sold Price

$242,000

$150/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$39,500(+19.5%)

Key Takeaway

Homes in 47246 have sold for 19.5% more than they did a year ago.

Summary: The median home sold price in 47246 was $242,000 in October 2024, up 19.5% from last year, and the median price per square foot was $150.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$102.5K
N/A
2 $172.5K$175K
+1.4%
3 $185.9K$245K
+31.8%
4 $415.7K$260K
-37.5%
5+ $527.5K$250K
-52.6%

Summary: 47246 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1.4%, 3 bedroom homes increased by 31.8%, 4 bedroom homes decreased by 37.5%, and 5+ bedroom homes decreased by 52.6%.

Median Sold Price Compared To Nearby Zip Codes

47246
+19.5%
46124
+12.5%
47203
+6.7%

Housing Supply in 47246, IN

How many homes are available in 47246, IN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
127-41.7%

Summary: The 47246 real estate market had 7 homes for sale in October 2024, a 41.7% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 33
0.0%
3 63
-50.0%
4 20
-100.0%
5+ 00
0.0%

Summary: The 47246 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 50%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
52-60.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 47246, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in 47246 in October 2024, down by 60.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for 47246, IN

How long does it take to sell a home in 47246, IN?

Average Sale Time

Oct 2023Oct 2024CHANGE
13 Days27 Days+100.0%

Summary: Homes in 47246 had an average of 27 days on market in Oct 2024, up by 100% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 47246 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 2 homes were sold in 47246; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 14 Days Ago

Newest Listings in 47246, IN

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